Said where we were, down 24 points is less than 1 . The nasdaq turning positive at the end of the trading session, barely so well see if we settle above the line, fox Business Team coverage to give you perspective on this day and week with Jackie Deangelis on the fourth the new york stock exchange. Phil has been a busy man watching all the action. In chicago at the cme. Jackie for steve. Reporter liz said, she was leading into trader fear taken a sigh of relief that the day is over and the week is over. It was a steep and volatile session for the dow today, 1085 we were down on the session low closing lower by 352 points. That was actually positive when it came to the action that we have seen but the dow, s p 500, nasdaq were down more than 11 this week well into correction territory, more than 10 lower from their highs and down for two weeks in a row for a matter of fact. It was pretty steep selling for the last seven days and traders just said this was unprecedented. You mentioned th
Appear to be lockdowns in a number of italian cities, thats reason enough for not only in this country but certainly in europe for hotels, airline stocks, casinos, and cruise lines to be taking it on the chin here. What is interesting, before i get the read here in the United States, is what has happened to European Airlines like easyjet. That is the discount budget carrier. That is down an excess of 13 . Ryanair, 13 . Deutch lufthansa close to 10 . Air franceklm, about 9 . I could go on but just to i illustrate what is impact here on percentage term is bigger impact there the selloff is revisiting session lows. Right out of the gate we were down close to 1000 points. Right now, the dow underwater for the year with 922 point hit. Deirdre bolton at New York Stock Exchange. Reporter neil, were negative on the dow and awfulally close on s p 500. We need to hit 107 lower to completely wipe out the gains from 2020. Let me tell you some groups. You covered some weighing on these markets. If
Definitely a flight to safety today and for the entire week when it comes to stocks in general. Lets take a look at this tenyear note, the yield on that, because it continues to move lower as investors are buying bonds, the yield moves lower. We havent seen the inverted yield curve with the three month this low since september. The concern from investors here, what theyll read into it, is that the Coronavirus Impact could potentially, potentially cause a recession, and so were getting that talk circulating back on the floor again. Meantime, were seeing a big move in gold today too, another 25, supporting the idea that people are worried about the virus, the notion that the chinese may not be telling us the whole entire story and that its moving outside of china quicker than we thought. The final point ill make about this is, yes, apple said it was going to have a big impact on its first quarter, but coke saying its going to take a penny or two off the ets, but were going to hold on to
Point drop for the dow, biggest point draw for s p 500, they are in correct territoryy, off 10 from the most recent high. Traders tell me, there is no good news to have made this market pivot, there is nothing about vaccines that is conclusive, if you look at the dow, biggest, microsoft, and intel and you had apple. Apple and microsoft, saying they will be affected, their sales this quarter by the coronavirus. Microsoft gets 10 of its revenue from china and apple 17 , one bright spot on the dow, only stock higher today, 3m, they make face masks, they are telling we hear selling we hear on a dre market, boxes going for dollars 500, a company saying it reported 14 Million Dollars in sales, normally a box of masks should cost between 3 to 5 dollars. And if you look at groups on s p 500, all 11 closed lower, not one bright spot there. And a backdrop. 3 companies, canceledb biggest events ofs year, microsoft, facebook, epic games. They were supposed to have huge events in spring either in S
Wisconsin, the house is coming in. Thank you so much. The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers rooms, washington, d. C. January 16, 2020. I hereby appoint the honorable Henry Cuellar to act as speaker pro tempore on this day. Signed, nancy pelosi, speaker of the house of representatives. The speaker pro tempore the prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Gracious and merciful god, we give you thanks for giving us another day. The house prepares to recess for a week of constituent visitation and in home districts. As the nation anticipates the Martin Luther king long weekend. As we remember the heroic struggle of the civil rights movement, the badges and incidents of slavery from continued through policies still operative today, though recently being addressed through efforts at criminal Justice Reform and sentencing reform. The pains of racism,